AGCO Co. (NYSE:AGCO) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in shares of AGCO Co. (NYSE:AGCO) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,800 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. Swiss National Bank owned about 0.17% of AGCO worth $11,666,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in AGCO during the 4th quarter worth $790,000. Sequoia Financial Advisors LLC grew its holdings in AGCO by 57.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,991 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 1,464 shares in the last quarter. HighTower Advisors LLC grew its holdings in AGCO by 4.2% during the 4th quarter. HighTower Advisors LLC now owns 8,359 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 340 shares in the last quarter. AGF Management Ltd. grew its holdings in AGCO by 19.6% during the 4th quarter. AGF Management Ltd. now owns 205,562 shares of the industrial products company’s stock worth $19,216,000 after acquiring an additional 33,633 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in AGCO by 5.2% during the 4th quarter. Isthmus Partners LLC now owns 4,060 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 199 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Oppenheimer lifted their price target on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Robert W. Baird lowered shares of AGCO from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.60.

AGCO Trading Down 0.9 %

Shares of NYSE:AGCO opened at $94.50 on Friday. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76. The company has a market cap of $7.05 billion, a PE ratio of -16.61, a P/E/G ratio of 1.80 and a beta of 1.24. The company’s 50-day moving average price is $98.79 and its 200 day moving average price is $96.62. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Sell-side analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.23%. AGCO’s dividend payout ratio (DPR) is -20.39%.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.